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Hello Mr. Thanks for your assistance always.
Now my question is on how to compute the NCI in Business Combinations where we have to translate financial statements into the presentation currency of the parent company when NCI is measured at the proportionate share of the net assets of the subsidiary.Do we subject the NCI % share on the translated net assets of the subsidiary? OR
NCI at acquisition + NCI share in post acquisition profits of the subsidiary.Thanks John Moffat
If you want John to answer this – he won’t because he looks after F3, not F7
This is Mike Little and I’m going to deal with this in the same way that John would – I’m not going to answer it! Why? Because it’s not examinable at F7
If you really want an answer just for your own interest, try posting the question on P2 and see if P2D2 will help you
- The topic ‘IAS 21: Effects of Changes in Foreign Exchange Rates – NON CONTROLLING INTEREST’ is closed to new replies.